Crompton Greaves (CG), an engineering firm, has signed a new contract to provide ZIV protections for Saudi Electricity Company (SEC), the largest power utility company in the Middle East serving approximately five million customers in the Kingdom of Saudi Arabia (KSA).
With this order, CG reinforces its position as an important supplier of Substation Automation equipment to SEC, providing feeder protections, transformer differential protections, transformer voltage regulators and tele protection systems.
CG was also recently selected as SEC's main supplier of three phase smart meters for its smart grid deployment and has also provided Voltage sensors for MV automation.
Shares of the company gained Rs 3.6, or 1.9%, to settle at Rs 192.80. The total volume of shares traded was 315,202 at the BSE (Thursday).